According to our latest study on "Collaborative Robots Market Forecast to 2031 - Global and Regional Share, Trend, and Growth Opportunity Analysis - by Payload, Application, Type, End-User Industry, and Functionality," the market was valued at US$ 1.88 billion in 2024, and the Collaborative Robots market size isprojected to reach US$ 14.67 billion by 2031. The Collaborative Robots market is expected to record a CAGR of 35.7% from 2025 to 2031.

Widespread Adoption of Industrial Automation in Diverse Industries to Provide Lucrative Opportunities for Collaborative Robots Market Growth During the Forecast Period

The growing adoption of industrial automation across diverse sectors-such as manufacturing, healthcare, and logistics-is driving significant expansion in the collaborative robots (cobots) market. Unlike traditional industrial robots, cobots are designed to work safely alongside humans, offering flexibility, cost-efficiency, and ease of integration. This trend is fueled by advancements in Industry 4.0, rising labor costs, and the need for smarter production processes. As industries increasingly embrace automation, the cobot market is poised for strong growth, presenting lucrative opportunities for manufacturers and technology providers.

The penetration of industrial automation is increasing in various industries other than automotive, such as logistics, food & beverages, electrical & electronics, and rubber & plastics. In the recent past, the nonautomotive industries were underpenetrated compared to the automotive industry. With the increasing functionality of equipment such as collaborative robots, it is anticipated that the nonautomotive industries will further accelerate the adoption of collaborative robots. The penetration of industrial automation is also increasing among countries. Developed markets, including China, the US, and Japan, have high penetration; however, there is still a lot of opportunity for the industrial market to grow further, even in the developed markets. The prospective for further robot installations is remarkable in many of these countries, particularly in the automotive industry. This growth is attributed to the necessary modernization and transformation required in these markets. These statistics are promising for collaborative robot manufacturers as they signify the huge scope for further increase in adoption. It is expected that the low penetration will propel considerable growth during the forecast period as long as there is considerable support from the government to the manufacturers.

Key Findings of Collaborative Robots Market Study:

The Collaborative Robots market analysis has been carried out by considering the following segments: payload, application, type, end-user industry, and functionality. Based on payload, the market is segmented into 5-10 Kgs, upto 5 Kgs and above 10 Kgs. By application, the market is categorized into assembly, pick and place, material handling, quality testing, machine tending, welding, packaging and others. In terms of type, the market is divided into robotic arm, welding guns, grippers and others. In terms of end-user industry, the market is segmented into automotive, electronics, metal and machinery, food and beverage, logistics, pharmaceuticals and others. In terms of functionality, the market is divided into static robot and mobile robot. The static robot segment held the largest collaborative robots market share in 2023.

Based on payload, the market is segmented into 5-10 Kgs, upto 5 Kgs and above 10 Kgs. Over the years, the collaborative robots have become an indispensable fragment of the production industry's transformation to the novel era of manufacturing. During the initial days of the development of collaborative robots, they were used for limited applications such as pick and place and welding. However, the increased importance of these devices in the manufacturing industry and observed results with higher outputs and efficiencies have led to significant traction in the demand from the heavy-duty industries. Incapabilities of human labor to efficiently work with heavy payloads in tasks such as assembly line placing and material handling demand an automated solution. Various end-user industries are implementing collaborative robots with higher payload capacities. Key applications of this category of collaborative robots include milling, material handling, and welding. The leading companies providing collaborative robots with payload capacity from 5 to 10 kg include Universal Robots, Rethink Robotics, FANUC Corporation, and KUKA.

Moreover, factor such as government support for the development and deployment of robotics propel the collaborative robots market growth. Also, mobile collaborative robots is expected to bring new collaborative robots market trends in the coming years.

The scope of the Collaborative Robots market report is primarily divided into North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). Europe accounted for the largest collaborative robots market share in 2024.

Kuka AG, Yaskawa America Inc, Aubo (Beijing) Robotics Technology Co Ltd, Doosan Robotics Inc, Fanuc Corp, ABB Ltd, Rethink Robotics GmbH, Techman Robot Inc, Kawasaki Heavy Industries Ltd, Bosch Rexroth AG, Teradyne Inc, Denso Corp, Comau SpA, SIASUN Robot & Automation CO., Ltd, Agile Robots SE, Azenta, Inc., Svaya Robotics Pvt. Ltd., Productive Robotics, LLC, and ESTUN AUTOMATION CO., LTD. are among the key players profiled in the collaborative robots market report.

Contact Us
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com